FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of July, 2021

           Brazilian Distribution Company           
(Translation of Registrant’s Name Into English)

Av. Brigadeiro Luiz Antonio,
3142 São Paulo, SP 01402-901
     Brazil     
(Address of Principal Executive Offices)

        (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F)

Form 20-F   X   Form 40-F       

        (Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (1)):

Yes ___ No   X  

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (7)):

Yes ___ No   X  

        (Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes ___ No   X  

GPA - Operational & Financial Highlights

o  Consistent growth in online sales in all the countries where we operate

o  Evolution of rollout and maturation of the new supermarket concepts

o  Continuation of the hypermarket repositioning strategy

o  Consistency in operations of proximity formats in Brazil

GPA managed to maintain high profitability and positive net income, despite the challenging scenario and the strong comparison base

Digital Strategy

With a strategy based on an open and collaborative platform, e-business continues to record sales growth and market share gains

Constant growth in GPA Brazil’s digital ecosystem was supported by strategic planning and efficient execution. In the first six months of 2021, we expanded both the 1P and the 3P supply of products; improved logistics by extending the coverage radius and reducing delivery time through actions in distribution centers and new partnerships; came increasingly closer to our customers with intensive use of data and algorithms, especially in loyalty programs; made progress in innovation initiatives; and launched the data monetization platform.

1P & 3P E-commerce

At the end of 2Q21, clubeextra.com achieved the highest Net Promoter Score (NPS) in our history. With the consolidation of wholesale prices at Extra’s grocery section, we offer the same value proposition on digital media: now both Clube Extra’s website and app replicate the wholesale price dynamics implemented by physical stores. Meanwhile, in May, pãodeaçúcar.com was elected, for the third consecutive year, the best online supermarket by Datafolha.

Marketplace

At GPA’s Marketplace (3P), we continued to follow our strategy of seeking new partners and tripled the number of sellers compared to 1Q21, with twice as many offers available on the platform. The goal is to expand our assortment, focusing on verticals that complement our food core business (wine, spirits, craft beer, baby care, beauty, pet care, household items and kitchen utensils). Our onboarding process continues at full speed in order to further maximize the number of SKUs available. We maintained our service level indicators at satisfactory levels, and we are expanding tests for the fulfillment service for the platform’s sellers. We also started Marketplace Out operations through a partnership with Mercado Livre.

Delivery Models

In 2Q21, the Express and Click & Collect (same day) and last mile (next hour) categories accounted for 74% of total online sales, mainly as a result of our efforts to improve the logistics chain, with greater network coverage and expansion of delivery models.

Last Mile (next hour): In 2Q21, we made significant progress in the quick delivery model, which already accounts for 33% of total online sales. This solid performance was driven by new partnerships entered into in 1Q21. We expanded our network with the inclusion of iFood and B2W/Americanas in 2Q21, in addition to Rappi and Cornershop, which started operating with us in the previous quarter. With our partners, we are already operating nationwide, with great capillarity throughout Brazil, attracting new customers and demonstrating the Company's capacity for execution, since all the partnerships were implemented in the three-month period between March and May. We also expanded our scope with the entry of Drogaria Extra and Drogaria Pão de Açúcar in the pharma segment.

The strong performance of last-mile carriers corroborates the Company’s decision to operate with a more open and collaborative platform, offering customers more alternatives. James Delivery, our integrated last-mile activity, is now available in 325 stores in 32 cities, up from 314 stores in 2Q20, with an increase of 14% in GMV and double-digit growth in the average ticket.

Express and Click & Collect (same day): At the end of the quarter, 284 GPA Brazil stores had Express and Click & Collect services: our ship-from-store model currently represents approximately 41% of total online sales. We are investing in and encouraging this model, since around 40%-50% of Click & Collect customers make additional purchases when they pick up their orders from the stores, increasing the average ticket by 22%. As a result, as of July/21, all the stores will have the Click & Collect service, with one-hour pickup, and we are quickly expanding the Express operation to include Sundays.

Traditional Delivery (next day): The Company continues to benefit from investments made in the expansion of distribution centers in 2020. Traditional delivery services accounted for 27% of total online sales at the end of 2Q21.

In the coming quarters of 2021, we will remain focused on accelerating 1P growth, with the ongoing improvement of the paodeacucar.com and clubeextra.com.br platforms, maintaining consistency in the key categories of the supply basket, including the penetration of perishables and expanding non-food categories. We continue to work to reduce delivery times by improving our proprietary models and consolidating our partnerships on the main delivery platforms.

Loyalty Program and Digital Ecosystem

The Loyalty programs (Cliente Mais and Clube Extra) create a virtuous cycle for customers and the Company. In 2Q21, we observed that the most loyal customers spend, on average, 6x more than other customers, as a result of our initiatives: the proprietary algorithms are constantly evolving, enabling increasing offer customization, generating a conversion rate 10x higher than the massive offer allocation. Another important input is our customers’ feedback, which was used to change the access to “Meus Prêmios”, simplifying program features on the app and increasingly customizing the experience. Thanks to these initiatives, the number of customers who benefit from the “Meus Prêmios” program and are engaged with stix rose 150%, with an increase of over 50% in total earned points and an upturn of more than 30% in redemptions of catalog rewards.

We also began to reap the fruits of the coalition effect in customer synergy among the partners. This quarter, the number of Raia Drogasil customers who made purchases increased more than sevenfold, meeting the goals and earning points at GPA.

Innovation

GPA continues to strengthen its partnership with innovation ecosystems, with more than 100 active startups in GPA Labs’ portfolio. More than 40 multidisciplinary squads are working to deliver various improvements over the coming months, with more than 450 professionals dedicated to the continuous development of our digital platform. It is now possible to make purchases using PIX in all our stores and on all our websites. We also continued to invest in self-checkout technology: we already have over 460 kiosks in operation with excellent customer acceptance and penetration.

Media monetization

On June 4, we announced a partnership with technology company RelevanC to boost our digital assets, providing a qualified audience and advertising space on our digital platforms, with already active campaigns. We offer over 1,700 customer base segmentation options in order to run campaigns, sponsored search ads and advertising spaces on websites and apps, in addition to directed communication services via SMS and email.

Sales Performance

Strong growth in the online channel and supermarket and proximity formats

(1) GPA Brazil’s figures do not include the results of Stix Fidelidade, Cheftime and James Delivery.

(2) Revenue from lease of commercial centers.

(3) In order to reflect the calendar effect, we added 70 bps at GPA Brazil and 70 bps at GPA Brazil excluding gas stations and drugstores in 2Q21.

It is worth noting the comparison of same-store sales with 2019: sales increased 6.0% in 1H21 vs. 1H19, including 9.6% growth in the food category.

Extra Hiper

The banner continues to roll out the new concept, reaching 58 fully repositioned stores. All the stores have already implemented the new price positioning. June was the third month since the implementation of this new pricing model, and we believe this period is crucial for customers to understand and adapt to the format's new value proposition. In light of this, Extra Hiper stores recorded sales growth in the food category in June/21 compared to June/20 and June/19. It is also worth noting the acceleration of Extra Hiper’s online food sales, which accounted for 4.7% of its food sales in 2Q21, against 3.0% in 2Q20.

The effects of Covid-19, including restrictions on store operations, the consumer stockpiling of food in 2Q20, closure of commercial establishments (such as bars and restaurants) and a strong comparison base for non-food sales, were the main impacts leading to the unfavorable year-on-year comparison of Extra Hiper’s performance, especially in the non-food segment. In addition, in 2Q21, Extra Hiper was also negatively impacted by increased restrictions on store working hours and the sale of non-essential categories, including electronics.

Pão de Açúcar

To contribute to the resumption of growth, we implemented a series of initiatives, including:

Mercado Extra and Compre Bem

At Compre Bem, it is worth highlighting the consolidation of the model in all the cities where the banner operates, as part of an ongoing operational efficiency process.

Proximity

GPA’s Proximity formats continued the strong growth trend observed in recent quarters, with same-store sales up 35.3% over 2Q20, excluding the Covid-19 impact, thus reaching the mark of 12 consecutive quarters of double-digit growth.

Minuto Pão de Açúcar and Mini Extra

GPA intends to resume growth in the Minuto Pão de Açúcar format, inaugurating 100 new units over the next 3 years, approximately 20 of which in 2021. The banner maintains an efficient operation in perishables, enabling a complete replenishment basket.

Aliados Mini Mercado Program

Private Label Brands

With ever-growing demand in Brazil and daily acquisition of new consumers, the private label brands represent one of the main strategic aspects for building customer loyalty in our stores. We have a food assortment of around 5,600 SKUs, and the share of private label brands reached 21.5% in the quarter, led by Qualitá. According to Nielsen, Qualitá is the 11^st best-selling self-service brand in Brazil* and the brand with the largest share of GPA consumers' carts, with 136 categories, followed by Taeq, with 37 categories.

*Total Brazil AS and GPA - YTD until period 05 - Total baskets (196 product categories) - Scantrack - NielsenIQ

Digital Strategy

Grupo Éxito’s digital strategy continued to present positive results, reaching R$593 million and a share of 10.5% of sales. We describe below the main details of the omnichannel and digital transformation strategies adopted by Grupo Éxito. The variations below consider local currency unless otherwise indicated.

1P & 3P E-commerce - Colombia

Omnichannel sales in Colombia accounted for 12.6% of sales in the quarter (vs. 14.7% in 2Q20 and 4.7% in 2Q19). In 1H21, the éxito.com and carulla.com websites reported almost 71 million visits, generating 4.2 million tickets, up 6.3% YoY. The last-mile and home-delivery services reached 3.9 million orders, up 9.2% over 2Q20, driven by the group’s own capacity and the exclusive partnership with Rappi. Meanwhile, Click & Collect sales, available in 395 stores and 12 VIVA malls, grew 2.3x, accounting for 29% of omnichannel GMV. At Surtimayorista, the channel accounted for 8.9% of the banner’s total sales in 1H21.

The Éxito and Carulla apps complement other initiatives integrated into the Company’s business ecosystem, such as the Puntos Colombia loyalty program, Tuya Pay and the sale of insurance policies. Both apps exceeded 1.3 million downloads in 2Q21.

Grupo Éxito continues to implement solutions using contactless technology, customer service, data analytics, logistics, supply chain, and HR management in line with the strategy designed for 2021-2023. In addition, the Company continued to promote the loyalty coalition: Puntos Colombia, a loyalty program used by one-third of Colombians, with over 110 partners, enabled around 3.1 million customers to redeem more than 12.4 billion points in 1H21, of which Éxito accounted for 75%.

Marketplace

The Company focused its efforts on continuing to consolidate its marketplace integrated into Grupo Éxito’s ecosystem (apps, real estate business tenants, travel, insurance, mobile, etc.). The marketplace accounted for 12.5% of total omnichannel GMV at 1H21, mainly represented by non-food categories, such as electronics, household items and apparel. In 1H21, the business unit saw a 27% increase in the number of products sold from over 1,000 sellers.

Sales Performance

Higher contributions from complementary businesses and gradual improvement in real estate businesses in all the countries

(1) Includes Surtimax, Super Inter, Surtimayorista, Real Estate Businesses, Aliados and other businesses.

(2) Same-store sales performance (i) considers growth at constant exchange rates; and (ii) in order to reflect the calendar effect in 2Q21, we added -100 bps at Grupo Éxito
(-110 bps in Colombia, -110 bps in Uruguay and +10 bps in Argentina).

In the 'same stores’ concept, excluding the impact of the pandemic, same-store sales grew 5.0% in the quarter. It is worth noting that same-store sales in constant currency grew 7.2% between 2Q19 and 2Q21 and 8.1% between 1H19 and 1H21.

Colombia

In 2Q21, Grupo Éxito’s performance was mostly impacted by restriction measures and lockdown to combat Covid-19, as well as disturbances caused by protests in Colombia against the tax reform bill.

Éxito

Carulla

This is the segment with the largest share of omnichannel in total sales (17%). Carulla FreshMarket is an innovative model designed to strengthen the fresh products category, focusing on quality, in addition to renovation of the store layout. In 2Q21, one new Carulla store was opened. The 2Q21 performance was impacted by more stringent restrictions in the main stores, in Bogotá and Medellin, which were offset by (i) the strong contribution of omnichannel sales and (i) the 15 Carulla FreshMarket stores, whose sales grew at a pace 480 bps faster than the other stores’ and accounted for 34.7% of the banner’s total sales in 2Q21. Six new stores should be converted in 2021.

Low Cost and other businesses

The positive performance was due to (i) a gradual recovery in the Super Inter banner fueled by the “Vecino” innovative concept, which was implemented in seven stores in the quarter. “Vecino” totaled 14 stores, which already accounted for 22% of the banner’s total sales and outperformed non-converted stores by 2,300 bps, (ii) the recovery of the Surtimayorista banner, (iii) optimization of the Surtimax store base with the new pilot of renovated stores under the “Barrio” and “Max” models, with expanded offering of products and sessions, discounts, omnichannel strategy with last-mile delivery services, use of the Mi Surtii app and digital sales events.

Uruguay

Sales performance in the country was strongly affected by the comparison base in 2Q20, due to consumer stockpiling connected with Covid-19. Assertive execution of commercial strategies, increased online share of sales and the strong performance of the Fresh Market banner – whose sales rose 10.9% year on year, 13,100 bps more than other stores – offset the volume decline.

Omnichannel sales grew 1.1x over 2Q20, accounting for 21% of total sales. In home delivery, sales went up 1.3x in 2Q21, and deliveries totaled 69,500 (vs. 55,000 in 2Q20). The Click & Collect service is available in 42 stores and totaled around 12,400 orders (vs. almost 9,000 in 2Q20).

In 2Q21, the Company selected seven startups for mentoring. The selected startups are working on initiatives focused on sustainability, last mile, logistics and innovation.

Argentina

Libertad sales were negatively influenced by (i) a strong comparison base in 2Q20 and mobility restrictions, (ii) restrictions on working hours and (iii) prohibition of sale of non-essential products in certain stores. The Libertad banner reduced its promotional activities to protect cash in a challenging competitive market, which combined with logistics efficiency benefited margins in the period. Fresh food sales of the 4 FreshMarket stores increased 59%, accounting for 30.1% of total fresh food sales at Libertad.

The operation continued to strengthen its digital initiatives, and omnichannel sales accounted for 2.7% of total sales and over 1,250,000 visits to the website. The Click & Collect/Click & Car service has been implemented in 15 stores, totaling 20,000 orders in the quarter. The partnerships entered into with Rappi and Pedidos Ya enabled a year-on-year increase of 2.9x. Sales increased 2.9x over the same period in 2020, and 619,000 units were sold through more than 66,000 orders (+4.1x vs. 2Q20).

We continue to make progress in promoting diversity and inclusion, with the percentage of women in leadership positions increasing to 37.1%, up 90 bps over 2Q20. Our goal is to reach 38% by 2022. In 2Q21, 50% of employees self-declared Black, a 200 bps increase over the same period last year, reaching our goal for 2021. In addition, Black people held 37.4%of leadership positions (management and above) at the end of the quarter, up 120 bps over 2Q20.

As for our commitment to ethics and transparency, in 2Q21, we were recognized as one of the companies with the best corporate responsibility and governance in Brazil in 2020, in accordance with the Merco (Monitor Empresarial de Reputação Corporativa) rankings, achieving the 15^th place among 100 companies, moving up 16 positions in relation to the previous year, and the 2^nd place among retail companies in Brazil. This year, the posture of companies during the pandemic was also evaluated, and we came 6^th among the 30 most responsible companies in this period.

In line with the group’s Strategic Planning and social and environmental guidelines, we present below GPA Brazil’s commitments for the coming years.

As for initiatives to fight climate change, we have the following commitments:

It is also worth mentioning that we published our annual sustainability report (https://www.gpabr.com/wp-content/uploads/2021/07/GPA_RS2020.pdf), which features our social and environmental indicators audited by third parties (in this edition, KPMG).

Regarding our socio-environmental performance in Colombia, we highlight:

GPA BRAZIL

(1) GPA Brazil’s figures do not include the results of other businesses (Stix Fidelidade, Cheftime and James Delivery).

(2) Income before interest, taxes, depreciation and amortization. Adjusted for Other Operating Revenue (Expenses).

GPA Brazil’s Gross Profit totaled R$1.7 billion, and gross margin was 25.6%, virtually in line with 2Q20, reflecting continued efficiency gains in commercial dynamics and the optimization of logistics costs.

Selling, General and Administrative Expenses totaled R$1.2 billion, dropping by 13.4%, despite higher inflation in the period. There was a strong dilution of 80 bps to 18.0% of net revenue, due to:

Equity Income totaled R$14 million, reflecting the Company’s 18% interest held in FIC (vs. 36% in 2Q20).

ÉXITO

(1) Income before interest, taxes, depreciation and amortization. Adjusted for Other Operating Revenue (Expenses).

(2) Grupo Éxito’s 2019 results refer to an unaudited Pro-Forma, with adjustments related to the deconsolidation of GPA itself, which until November 2019 was directly controlled by Grupo Éxito.

Grupo Éxito’s Gross Profit totaled R$1.3 billion in 2Q21 (+2.3% vs. 2Q20), and gross margin was 24.9%, fueled by online sales and the recovery of complementary businesses (Tuya and real estate businesses), which offset the volume decline, especially in April and particularly in Colombia.

Selling, General and Administrative Expenses totaled R$956 million in 2in 1Q21 (+7.8%) and R$2.1 billion in 1H21 (+12.5%), mainly due to the weaker comparison base in the period, due to benefits granted to Colombian companies in order to help them face the pandemic. It is worth noting that, in 1H21, expenses increased 12.5% in reais, due to the exchange rate variation, and 1.6% in local currency, lagging inflation in all the countries, thanks to the operational excellence plan and control of expenses, especially personnel and marketing expenses, with an increased share of digital campaigns.

Equity Income totaled a loss of R$14 million in 2Q21, reflecting the results of the Company’s 50% interest in Puntos Colombia and the finance company Tuya (both of them joint ventures with Bancolombia).

OTHER OPERATING INCOME (EXPENSES)

Other Income and Expenses totaled an expense of R$60 million and are related to restructuring expenses and legal contingencies.

FINANCIAL RESULTS

GPA’s consolidated net financial result was an expense of R$56 million in 2Q21, equivalent to 0.5% of net revenue (vs. 1.2% in 2Q20). Including interest on lease liabilities, this expense amounted to R$236 million, or 2.0% of net revenue.

The main changes in the financial result were as follows:

NET DEBT

(1) LTM Adjusted EBITDA (pre-IFRS 16)

(2) Debt and EBITDA figures for June 30, 2020, include Assaí’s results.

Consolidated GPA’s net debt including not discounted receivables reached R$4.6 billion at the end of 2Q20, down R$4.7 billion. Thus, the Company maintained its leverage at a low level, with a -1.7x net debt/Adjusted EBITDA ratio, and a strong R$4.9 billion cash position, corresponding to 1.9x the short-term debt.

INVESTMENTS

Capex totaled R$261 million in 2Q21, of which R$189 million in Brazil and R$72 million in Grupo Éxito. Year-to-date capex amounted to R$592 million. In Brazil, investments are concentrated in store renovations/conversions; innovation and acceleration of digital transformation projects, including systems, marketplace and last-mile carriers; logistics and IT infrastructure; and other efficiency improvement projects. At Grupo Éxito, around 72% of capex was allocated to innovation, omnichannel and digital transformation initiatives during the period, and the remainder to maintenance and support of operational structures, IT systems updates and logistics.

BREADOWN OF STORE CHANGES BY BANNER

In 2Q21, two Extra Supermercado stores were converted into Mercado Extra and three stores were closed, namely one Pão de Açúcar, one Mini Extra and one Drugstore. Grupo Éxito opened 2 stores in Colombia, converted 1 store, and closed 1 store in Uruguay.

Company’s Businesses:

CONSOLIDATED FINANCIAL STATEMENTS

Balance Sheet

(1) Considers Assaí in 2020.

CONSOLIDATED FINANCIAL STATEMENTS

Balance Sheet

(1) Considers Assaí in 2020.

INCOME STATEMENT – 2^ND QUARTER OF 2021

(*) Considers Assaí in 2020.

(1) Consolidated figures include the results of other complementary businesses

(2) Equity income includes CDiscount’s results in the Consolidated figures

(3) Net income after non-controlling interest

(4) Adjusted for Other Operating Revenue (Expenses)

CASH FLOW – CONSOLIDATED^(*)

(*) Considers Assaí in 2020.

BREAKDOWN OF SALES BY BUSINESS – BRAZIL

(1) Includes sales of Mini Extra, Minuto Pão de Açúcar and Aliados

(2) Revenue from leases of commercial centers

(3) GPA figures include the results of James Delivery, Stix Fidelidade and Cheftime

BREAKDOWN OF SALES (% of Net Sales) - GPA BRAZIL

SIGNATURES

        Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.